Check out some available loans that are similar to this one!
Norelis
Norelis is a 30 year old seamstress who has a 1 year old son. She dreams of a successful future for him and he is the motor of her life. Norelis makes informal, multi-use clothing, underwear and general children's clothing. She started this business 7 years ago and with her hard work she had made it grow. Now she makes clothes for distributors whom she sells to by the dozen and mainly up front. Norelis is dedicated to making her business grow but her biggest challenge is the working capital she has to respond to her expanding needs. That is why she has turned to her Kiva loan, the first loan she has taken out with the Fundación Mario Santo Domingo. With it, she will buy fabric, thread, elastic and accessories to make modern designs. Her investment will be successful because it is based on her experience and with new working capital that she didn't have.
View original language description ↓
Norelis es una confeccionista de 30 años, que tiene un hijo de un año de edad, con el que sueña un futuro exitoso y es el motor de su vida. Norelis confecciona de ropa informal, multiusos, ropa interior e infantil en general, negocio que inició hace 7 años y que ella con sus esfuerzos, lo ha hecho crecer y en la actualidad confecciona para distribuidores, a quienes les vende por docenas y principalmente de contado. Norelis está empeñada en que su negocio crezca, pero su mayor desafío es el capital de trabajo con el que cuenta para responder a sus necesidades de expansión. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará telas, hilos, elásticos y accesorios para confeccionar diseños modernos. Su inversión será exitosa porque la hace en base a su experiencia y con un nuevo capital de trabajo con el cual ella no contaba.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $6,070
    Average annual income
  • 292
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,766.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Norelis to buy fabric, thread, elastic and accessories to make modern designs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 29, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012